SuiNS

About SuiNS

The Sui Name Service (SNS) revolutionizes digital identity by offering a seamless, decentralized, and user-friendly platform for managing domain names on the Sui blockchain. It provides a secure and immutable way to associate human-readable names with complex blockchain addresses, enhancing user experience and accessibility. Highlight/Vision: With SuiNS, users can effortlessly transfer, update, and secure their digital identities, ensuring privacy and control. Its integration with _ious blockchain eco_s fosters interoperability and innovation, making SuiNS an indispensable tool for developers, businesses, and individuals seeking to simplify their interactions with blockchain technology while maintaining the highest security standards. Token Economics: NS token is a governance token that provides control over the SuiNS protocol. It will result in eventual control over the contract code, as well as the SuiNS protocol treasury. In addition to the governance powers provided to the NS token, the platform will also provide a unique mechanism for rewarding NS token holders who participate in votes. Furthermore, a staking contract will be built allowing users to stake their tokens from 1-12 months for increased voting power in governance proposals. From a utility perspective, the NS token will initially provide users the ability to purchase SuiNS names, including premium names, at a discounted cost. Technical Overview: SuiNS contracts on the Sui blockchain manage decentralized domain registration and resolution. They leverage smart contracts to handle domain ownership, transfers, and name-to-address mappings, ensuring efficient, trustless interactions between users and the blockchain. The _ is designed for scalability and fast _ution. Token Allocation: Foundation treasury, market makers, grants: 35%, Investor allocations：10.93% Code development, liquidity distribution, investments: 9.5% Early team members, core builders: 7.5% Tokens dedicated to reward community for governance voting: 5% Governance controlled Treasury to be used through community vote for the long term viability of SuiNS: 22.07% Initial airdrop: 10%